A new selling opportunities for USOIL

FX:USOIL   CFDs on Crude Oil (WTI)
6276 56 111
A new selling opportunities for USOIL            
The Measured AB=CD move
ends at 39.70

Look left there is good structure now acting as resistance
SL should be above 40.15 the ext 1.618
Look for Price Action and also RSI
to enter the short trade,
if a bullish candle close abve 40.15, then the set up
is invalid.
Calculate your lot size,
For example, if you enter at 39.70, SL 40.20
50 pips, and you dont want to lose 500 buck
u should only trade 0.5 LOT ( 1 LOT = 1000 barrel)
Trade active: Order filled at 39.70

Rejected at 1.618 ext.
To lean Jack's Full Trading System:
Weechat ID: 32114564
Hi do you think should stay clear of position prior sunday meeting? much appreciated if you can post an update or a new idea on oil. thanks again
still valid short?
SL hit at 40.4 trade closed :(
Equal jafbash786
Same here. Stopped. I guess to not re-enter.
tntsunrise jafbash786
40.30 is key resistance, if price falls back below 40.30, still can short
jafbash786 tntsunrise
price was rejected quite harshly re entered at 40.2 now in the green
jafbash786 tntsunrise
any thoughts on current price action jack its quite sideways now
watsonzou26 tntsunrise
The price currently falls back to 40.21, very interesting to see how it will unfold, what target do you see in short term, Jack?
tntsunrise watsonzou26
watsonzou26 tntsunrise
THANKS, Jack. Always follow your chart!
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